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Mercedes Benz GLK-Class Lease Questions

350 messages,  Last post on May 13, 2013 at 4:13 PM

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What is this discussion about? Mercedes-Benz GLK-Class, Car Buying, Car Leasing, SUV

Messages Page 30 of 36

#289 of 350 Re: 2013 GLK350 Lease Info [taylor808] by Car_man HOST

Sep 27, 2012 (4:36 pm)

Replying to: taylor808 (Sep 25, 2012 9:29 pm)
Hi taylor808. If your credit is in good shape then the money factor that you were quoted is too high. Mercedes-Benz Financial's September buy rate lease money factor for a 2013 GLK 350 RWD is only .00116.
 
A $2,000 discount on this truck is reasonable, but you definitely need to get the money factor straightened out. Also, given the $3,000 spread between this trucks MSRP and invoice price the dealer should be able to give you this large a discount if they wanted to, regardless of what the USAA program is like when you take delivery.
 
BMW allows consumers to lock-in the current lease program on ordered vehicles, but I'm not sure about Mercedes. I don't see why the dealer would mislead you about that.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#290 of 350 October money factor by cliffpoz

Oct 02, 2012 (2:30 pm)

Hi carman,
 
Do you have October money factor and residual for a 2013 glk 4 matic with 10,000 miles and 36 months?
 
Thanks!

#291 of 350 2013 GLK350 by carstlouis

Oct 05, 2012 (5:39 pm)

Here is a quote I got for a 2013 GLK 350 RWD
 
$42,231
including
Premium Package
Multimedia Package
Appearance Package
Heated Front Seats
 
Is this good deal?

#292 of 350 Re: 2013 GLK350 Lease Info [taylor808] by hotwheels717

Oct 06, 2012 (7:52 pm)

Replying to: taylor808 (Sep 25, 2012 9:29 pm)
Went to the dealer today and was given the following lease on a 2013 GLK with a $45K MSRP which had P1 and Navigation / Multimedia:
 
36 mo., 10K / year
$2000 out of pocket, $493 including tax
 
What do you think?

#293 of 350 Re: 2013 GLK350 Lease Info [hotwheels717] by radoncgs

Oct 07, 2012 (3:27 pm)

Replying to: hotwheels717 (Oct 06, 2012 7:52 pm)
hi, did you ask what money factor they used for the lease?

#294 of 350 Re: 2013 GLK350 Lease Info [radoncgs] by hotwheels717

Oct 07, 2012 (3:41 pm)

Replying to: radoncgs (Oct 07, 2012 3:27 pm)
I didn't and figured someone would ask. I did take the car for my wife...so far so good!

#295 of 350 Re: October money factor [cliffpoz] by Car_man HOST

Oct 08, 2012 (4:37 pm)

Replying to: cliffpoz (Oct 02, 2012 2:30 pm)
Here you go cliffpoz. Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 36-month lease of a 2013 GLK350 4Matic with 10,000 miles per year are .00112 and 60%, respectively for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#296 of 350 Re: October money factor [Car_man] by caliborn

Oct 10, 2012 (5:07 pm)

Replying to: Car_man (Oct 08, 2012 4:37 pm)
Hi Car man,
 
Thanks for all your insight on leasing. I have always purchased and done well with negotiating a purchase price each time. Leasing, frankly, worries me.
 
My wife was offered a lease deal on a GLK that sounds ok, but again, worries me. I worry about the lease end costs because there is no down on this. Here is the proposed deal: The monthly (base model) is about 485, total drive off is about 916 with licensing. This is for 30 months, 15000 a year. It makes me wonder how this is possible without being hoodwinked or fleeced in the end. Also, how does the residual factor into this?
 
Thanks in advance, from ahead scratching husband.

#297 of 350 Re: October money factor [caliborn] by Car_man HOST

Oct 14, 2012 (7:38 am)

Replying to: caliborn (Oct 10, 2012 5:07 pm)
Hi caliborn. Mercedes-Benz Financial does charge an annoying end-of-term disposition fee of $595 on leased vehicles, but I have not found its excess wear and tear assessment to be unreasonable.
 
Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#298 of 350 Re: October money factor [Car_man] by ivanbeyond

Oct 15, 2012 (6:42 pm)

Replying to: Car_man (Oct 08, 2012 4:37 pm)
Car_man,
 
Please confirm that 2013 GLK350 4Matic with 10k miles for 36 months has mf - .00112 and 60% residuals. Because according to truecar.com residual is 57%. And dealers give me 57%.
 
What is residual and mf for basic 2013 GLK350? (same miles and months)
 
Last question, how do packages change residual value and money factor?
My dealer told me that for regular 2013 GLK350 with Multimedia Pckg residual is 53%, and money factor .00301 but for the same car with P1, Multmedia and Premium Sound residual is 59% and money factor is like .00261.
 
So what is correct money factor and residual for 36 month / 10k miles? Thank you!

Messages Page 30 of 36

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